China: Static Converter Market 2025

Static Converter Market Size in China

The Chinese static converter market reduced dramatically to $X in 2021, falling by -49.5% against the previous year. Overall, consumption showed a pronounced reduction. Over the period under review, the market hit record highs at $X in 2020, and then contracted notably in the following year.

Static Converter Production in China

In value terms, static converter production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 20%. Static converter production peaked at $X in 2020, and then shrank slightly in the following year.

Static Converter Exports

Exports from China

In 2021, the amount of static converters exported from China soared to X units, jumping by 22% on 2020 figures. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 133%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, static converter exports soared to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X units) was the main destination for static converter exports from China, accounting for a 36% share of total exports. Moreover, static converter exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), threefold. Germany (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.0% per year) and Germany (+16.4% per year).

In value terms, the United States ($X), Hong Kong SAR ($X) and the Netherlands ($X) appeared to be the largest markets for static converter exported from China worldwide, with a combined 36% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average static converter export price amounted to $X per unit, surging by 8.2% against the previous year. In general, the export price saw a modest increase. The pace of growth appeared the most rapid in 2016 an increase of 108%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Static Converter Imports

Imports into China

In 2021, purchases abroad of static converters was finally on the rise to reach X units after two years of decline. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, static converter imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Japan (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of static converter imports to China, together comprising 30% of total imports. Malaysia, South Korea, India, Hungary, Germany and the United States lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest static converter suppliers to China were Japan ($X), Germany ($X) and Hungary ($X), together comprising 49% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average static converter import price amounted to $X per unit, which is down by -8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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